Bitcoin Holds Above $63,000 for Three Consecutive Weekly Closes, Signals Potential Bottom

BTC-0.74%
According to ChainCatcher, Bitcoin held above $63,000 for three consecutive weekly closes after touching a 2026 low near $59,000 in June, suggesting a stabilization in technical structure. Bitcoin futures open interest declined 19.5% from the June peak, while funding rates fell from 0.1% to 0.02%. Spot Bitcoin ETF outflows slowed to $540 million over the past two weeks, down from $5.5 billion in the preceding month, indicating diminishing selling pressure across major exchanges.
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